Attribute | Value |
---|---|
Geography | |
Area | 344 km² |
Continent | North America |
Land area | 344 km² |
Water area | 0 km² |
Land boundaries | 0 km |
Border countries | Add |
Coastline | 121 km |
Mean elevation | Add |
Lowest point | 0 m |
Highest point | 840 m |
People | |
Population | 113,094 |
Official languages |
|
Religion | Protestant |
Government | |
Long country name | Add |
Short country name | Grenada |
Long local name | Add |
Short local name | Add |
Former name | Add |
Government type | Parliamentary democracy |
Capital | Saint George's |
Economy | |
GDP (PPP) | 1,634,000,000 USD |
GDP (OER) | 1,119,000,000 USD |
GDP (real growth rate) | 5.1 % |
GDP - per capita (PPP) | 15,100 USD |
Gross national saving | 11.7 % of GDP |
Labor force | 55,270 |
Unemployment rate | 24 % |
Population below poverty line | 38 % |
Budget revenues | 288,400,000 USD |
Budget expenditures | 252,300,000 USD |
Military expenditures | Add |
Taxes and other revenues | 25.8 % of GDP |
Budget surplus or deficit | 3.2 % of GDP |
Public debt | 70.4 % of GDP |
Inflation rate | 0.9 % |
Central bank discount rate | 6.5 % |
Commercial bank prime lending rate | 8.31 % |
Stock of narrow money | 223,300,000 USD |
Stock of broad money | 223,300,000 USD |
Stock of domestic credit | 550,000,000 USD |
Market value of publicly traded shares | Add |
Current account balance | -77,000,000 USD |
Exports | 39,900,000 USD |
Imports | 316,000,000 USD |
Reserves of foreign exchange and gold | 199,100,000 USD |
External debt | 793,500,000 USD |
National currency | East Caribbean dollars |
National currency (code) | XCD |
National currency (symbol) | $ |
National currency rate to USD | 2.7 |
Carib Indians inhabited Grenada when Christopher COLUMBUS discovered the island in 1498, but it remained uncolonized for more than a century. The French settled Grenada in the 17th century, established sugar estates, and imported large numbers of African slaves. Britain took the island in 1762 and vigorously expanded sugar production. In the 19th century, cacao eventually surpassed sugar as the main export crop; in the 20th century, nutmeg became the leading export. In 1967, Britain gave Grenada autonomy over its internal affairs. Full independence was attained in 1974 making Grenada one of the smallest independent countries in the Western Hemisphere. In 1979, a leftist New Jewel Movement seized power under Maurice BISHOP ushering in the Grenada Revolution. On 19 October 1983, factions within the revolutionary government overthrew and killed BISHOP and members of his party. Six days later the island was invaded by US forces and those of six other Caribbean nations, which quickly captured the ringleaders and their hundreds of Cuban advisers. The rule of law was restored and democratic elections were reinstituted the following year and have continued since then.